Economy

The agreement, signed on 18 June 2026 in New Delhi, strengthens the partnership between GeM and CSC that began in 2022. While the earlier collaboration focused mainly on seller registration and profile creation, the new arrangement provides end-to-end support for sellers, from onboarding to catalogue listing.

Office absorption is expected to rise strongly in FY26 and continue its momentum in FY27, when gross leasing may touch 85–90 million square feet. This would mark another important milestone for India’s commercial real estate industry. The demand is coming from companies that are expanding long-term operations in India, especially global firms that are using the country as a major hub for technology, engineering, finance, analytics, research and business support.

CSIR-NPL transferred three technologies. The first was Rydberg Systems Based Broad Band E-Field Sensing Technology to Nostradamus Technologies Private Limited, Hyderabad. This is important because Rydberg atom-based sensing belongs to the advanced field of quantum measurement,

PM-VBRY is built around a simple economic idea: encourage youth to enter the formal workforce and reward employers for creating additional jobs. First-time employees are eligible for an incentive of up to ₹15,000 as they begin formal employment, while employers can receive up to ₹3,000 per month for every additional employee they hire. The scheme therefore links worker support with enterprise expansion, creating a two-sided employment push.